Massachusetts isn't helping as many low-income families access childcare as it could or should, according to a new report from the Massachusetts Taxpayers Foundation. The report says more than 16,000 children are on a waiting list for a state childcare subsidy, according to the most recent count last February.

A previous report by the foundation estimated inadequate childcare access costs the state $2.7 billion a year in lost earnings for employees and $812 million for employers.